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Intchains Group Ltd V.ICG


Primary Symbol: ICG

Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.


NDAQ:ICG - Post by User

Comment by blue0987on Mar 28, 2017 8:22am
149 Views
Post# 26039219

RE:RE:RE:RE:Question regarding "third party acquisition" ?

RE:RE:RE:RE:Question regarding "third party acquisition" ?
Ever since the Rubi"con"  disaster in which the decision by management to move forward into production with only a PEA in hand, where afterwards losses were enormous, most all major's and mid-tier's have been reluctant to move on in completing a 100% take-out of a company that lacks an FS, and instead are now investing in that company as major shareholder's, or JVing with them. 
 
Interesting that AEM has just raised US$220M in order as stated by Boyd to generate more financial flexibility to build out a platform of high quality growth projects 
 
By Integra not having an FS, but perhaps prolonging the commissioning of one, this may be one of their biggest tools inside their toolbox in buying time in order to maximize Integra's value by continuing to increase, and uncover the Lamaque resources. GLTA
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